British Columbia
Tax Rates -> 2016
& 2017
Marginal Tax Rates -> BC 2016 and 2017 Personal Income Tax Rates
BC 2016 and 2017 Personal Marginal Income Tax Rates
The Federal tax brackets and personal amounts are increased for 2017 by an indexation factor of 1.014, and the BC brackets and amounts are increased by an indexation factor of 1.018. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The marginal tax rates for eligible dividends for 2017 are now slightly higher, as the BC 2017 Budget reduced the non-eligible dividend tax credit rate for 2017. This was as a result of reducing the small business corporate income tax rate from 2.5% to 2%. This change was confirmed by the BC September 2017 Budget, which also announced the introduction of a new top personal tax rate of 16.8% for taxable income that exceeds $150,000, effective January 1, 2018.
Please read the article Understanding the Tables of Personal Income Tax Rates.
|
British Columbia Personal Income Tax Brackets and Tax Rates |
|||||||||
| 2017 Taxable Income | 2017 Tax Rates | 2016 Taxable Income | 2016 Tax Rates | ||||||
| first $38,898 | 5.06% | first $38,210 | 5.06% | ||||||
| over $38,898 up to $77,797 | 7.70% | over $38,210 up to $76,421 | 7.70% | ||||||
| over $77,797 up to $89,320 | 10.50% | over $76,421 up to $87,741 | 10.50% | ||||||
| over $89,320 up to $108,460 | 12.29% | over $87,741 up to $106,543 | 12.29% | ||||||
| over $108,460 | 14.70% | over $106,543 | 14.70% | ||||||
|
Combined Federal & British Columbia Tax Brackets and Tax Rates |
|||||||||
| 2017 Taxable Income | 2017 Marginal Tax Rates | 2016 Taxable Income | 2016 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $38,898 | 20.06% | 10.03% | -6.84% | 8.61% | first $38,210 | 20.06% | 10.03% | -6.84% | 8.27% |
| over $38,898 up to $45,916 | 22.70% | 11.35% | -3.20% | 11.70% | over $38,210 up to $45,282 | 22.70% | 11.35% | -3.20% | 11.36% |
| over $45,916 up to $77,797 | 28.20% | 14.10% | 4.39% | 18.13% | over $45,282 up to $76,421 | 28.20% | 14.10% | 4.39% | 17.79% |
| over $77,797 up to $89,320 | 31.00% | 15.50% | 8.25% | 21.41% | over $76,421 up to $87,741 | 31.00% | 15.50% | 8.25% | 21.07% |
| over $89,320 up to $91,831 | 32.79% | 16.40% | 10.72% | 23.50% | over $87,741 up to $90,563 | 32.79% | 16.40% | 10.72% | 23.16% |
| over $91,831 up to $108,460 | 38.29% | 19.15% | 18.31% | 29.94% | over $90,563 up to $106,543 | 38.29% | 19.15% | 18.31% | 29.60% |
| over $108,460 up to $142,353 | 40.70% | 20.35% | 21.64% | 32.76% | over $106,543 up to $140,388 | 40.70% | 20.35% | 21.64% | 32.42% |
| over $142,353 up to $202,800 | 43.70% | 21.85% | 25.78% | 36.27% | over $140,388 up to $200,000 | 43.70% | 21.85% | 25.78% | 35.93% |
| over $202,800 | 47.70% | 23.85% | 31.30% | 40.95% | over $200,000 | 47.70% | 23.85% | 31.30% | 40.61% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
|||||||||
|
British Columbia Basic Personal Amount |
|||||||||
| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $10,208 | 5.06% | $10,027 | 5.06% | ||||||
|
Federal Basic Personal Amount |
|||||||||
| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $11,635 | 15% | $11,474 | 15% | ||||||
BC tax rates can also be seen on the BC Ministry of Finance website.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023